Taseko Releases Production and Sales Results for Q2 2012

Taseko Mines Ltd. (TSX:TKO,AMEX:TGB) announced that total production at its Gibraltar mine for the second quarter of 2012 was 23.9 million pounds of copper and 379,000 pounds of molybdenum. The company sold 26.4 million pounds of copper and 361,000 pounds of molybdenum during the same period.

As quoted in the press release:

Taseko’s 75% share of total sales was 19.8 million pounds of copper and 271,000 pounds of molybdenum which compares to 12.7 million and 354,000 pounds in the first quarter.

Additionally, last week the Company took advantage of short-term copper price strength to purchase copper put options for the first half of 2013. The put options have a strike price of US$3.00 per pound of copper and represent approximately 60% of Taseko’s share of production.

Click here to read the full Taseko Mines Ltd. (TSX:TKO,AMEX:TGB) press release.